Manufactured and Modular Housing News

Patrick to Release Financial Results Feb. 18 Read More

Patrick to Release Financial Results Feb. 18

By Matthew Silver / February 5, 2016 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

MHProNews has learned from prnewswire that Patrick Industries, Inc. (NASDAQ:PATK) will release its fourth quarter and year end 2015 financial results before the market opens on Thurs., Feb. 18, 2016. Later that same morning at 10:00 AM eastern time Patrick intends to host a conference call to discuss the results

MHCV Drops -5.26 Percent as Dow Climbs back on Roller Coaster Read More

MHCV Drops -5.26 Percent as Dow Climbs back on Roller Coaster

By Matthew Silver / February 5, 2016 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: U. S. exports drop for first time since Great Recession. Chinese group buying Chicago Stock Exchange. Berkshire Hathaway spends $964 million to increase share of Phillips 66 stock to 14 percent of all shares. Unemployment falls to 4.9 percent, lowest in eight years. Key Fed

Seniors Comprise 42 Percent of Households, will Hit 46 Million by 2030 Read More

Seniors Comprise 42 Percent of Households, will Hit 46 Million by 2030

By Matthew Silver / February 5, 2016 / home buyers, Manufactured and Modular Housing News, People, Trends

While the spotlight has been on the Millennials in recent years as the housing market tries to lure them out of their parents’ basements, the National Association of Home Builders (NAHB) and American Community Survey has revealed more than 48 million households in the U. S. are headed by someone

Clayton Acquires Manufactured Home Retailer G&I Homes of New York Read More

Clayton Acquires Manufactured Home Retailer G&I Homes of New York

By Matthew Silver / February 5, 2016 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, People

In its attempt to grow in Pennsylvania and New York, Clayton Homes has acquired G&I Homes of Frankfort, New York according to uticaod. Founded by Gerald and Irene Bushey in 1965, the six upstate manufactured home locations will continue to be run by members of the Bushey family, including son

Factory-built Home Causes Wholesale Resignations of Mayor and Staff Read More

Factory-built Home Causes Wholesale Resignations of Mayor and Staff

By Matthew Silver / February 5, 2016 / Factory-Built Homes, Legal, Manufactured and Modular Housing News, Manufactured Homes, Zoning

The mayor, one city council member, the city attorney, city manager and a Board of Adjustment member have all resigned their posts in Marquette, Iowa, pop. 462, according to thegazette, possibly in response to the city ‘s inaction on a zoning violation, as MHProNews has learned. On Wed., Mayor Dave

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Seattle Times announces State Investigation of Warren Buffett’s Clayton Homes, as expected – Analysis Read More

Seattle Times announces State Investigation of Warren Buffett’s Clayton Homes, as expected – Analysis

By Matthew Silver / February 5, 2016 / Advocacy, Business, Company News, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, People, regulation

As part of the Seattle Times‘ ongoing year-long rant on Warren Buffett’s/Berkshire Hathaway-owned Clayton Homes and their affiliated lenders, Mike Baker and Daniel Wagner have succeeded in drawing Washington Governor Jay Inslee’s attention and his state’s Department of Commerce. This is resulting in a bill to investigate the sales, financing

Freddie Mac Updates Manufactured Home Mortgage Insurance Read More

Freddie Mac Updates Manufactured Home Mortgage Insurance

By Matthew Silver / February 5, 2016 / Business, Finance, Legal, Manufactured and Modular Housing News, Manufactured Homes

Effective for mortgages with settlement dates after Jan. 4, 2016, a bulletin from Freddie Mac says as part of their initiative “to responsibly expand homeownership,” it is updating mortgage insurance requirements for Home Possible Mortgages. If an H P Mortgage is secured by a manufactured home, it will be subject

Affiliated Managers Group, Louisiana Pacific Post Solid Gains Read More

Affiliated Managers Group, Louisiana Pacific Post Solid Gains

By Matthew Silver / February 4, 2016 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: After cutting workers and selling assets, big oil is now cutting dividends, while U S. is running out of storage facilities for oil. 12.7 million Americans sign up for Obamacare 3.0. Bull market for water stocks follows Flint crisis. U. S. job cuts hit 218%

Post Louisville MH Show 2016 – The Last Word – by the Numbers Read More

Post Louisville MH Show 2016 – The Last Word – by the Numbers

By Matthew Silver / February 4, 2016 / Manufactured and Modular Housing News

There were a number of conflicting reports on total attendance at the 2016 Louisville Show, and how it compared to the outcome from the 2015 event. MHProNews has obtained the following report from Show Ways Unlimted, that provide the last official word on the topic.

MHARR Presses MH Administrator to Retract New On-site Rule Read More

MHARR Presses MH Administrator to Retract New On-site Rule

By Matthew Silver / February 4, 2016 / Business, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

Following MHProNews‘ post Jan. 28, 2016 regarding the Manufactured Housing Association for Regulatory Reform’s criticism of HUD for increasing the inspection of on-site manufactured homes, which also increases the cost to the consumer, the Sept. 8, 2015 rule is set to take effect March 7, 2016. Presented during the Louisville

Modulars for Dublin Homeless Closer to Completion Read More

Modulars for Dublin Homeless Closer to Completion

By Matthew Silver / February 4, 2016 / Factory-Built Homes, Manufactured and Modular Housing News, Modular

Continuing to follow the ongoing saga in Dublin, Ireland where the city council is trying to begin the siting of the first 22 modular homes out of a planned 500, Environment Minister Alan Kelly insists the initial homes will be ready within weeks, offering security to “vulnerable and homeless families.”

Couple suing Oakwood Homes for Alleged Defective Home Read More

Couple suing Oakwood Homes for Alleged Defective Home

By Matthew Silver / February 3, 2016 / Business, Company News, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes

CMH Homes of Belfry, Kentucky, dba Oakwood Homes, is the target of a lawsuit by a West Virginia couple who claim the manufactured home they purchased and had installed on their land was defective, and/or improperly installed. Deba and Zachary Hubert purchased the home in June, 2014, according to what

Second Round of Assistance Available for Ongoing 2011 Tornado Damages Read More

Second Round of Assistance Available for Ongoing 2011 Tornado Damages

By Matthew Silver / February 3, 2016 / home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes

The Community Action Partnership of North Alabama (CAPNA) announced local residents who have not been able to fully recover from the devastating April 27, 2011 tornadoes that wreaked havoc across a broad swath of the state may be eligible for new federal funding through the Community Development Block Grant (CDBG)

MHCV Falls -3.78%, Deer Valley Drops -19.05 Percent Read More

MHCV Falls -3.78%, Deer Valley Drops -19.05 Percent

By Matthew Silver / February 3, 2016 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Super bowl 50 on track to be the most expensive sporting event in U. S. history with tickets averaging $4,957. Venezuela now importing U S. oil. Cannabis industry sales at $1.8 billion in 2013, anticipated to have hit $5.4 billion in 2015. While the Fed

HUD Code Production for Year Ends on a Strong Note Read More

HUD Code Production for Year Ends on a Strong Note

By Matthew Silver / February 3, 2016 / Business, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Trends

According to statistics from the U. S. Department of Housing and Urban Development (HUD), the Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews HUD Code manufacturers produced 5,657 homes in December 2015, a 20.1 percent increase over the 4,707 homes produced in the same month in 2014. HUD Code

Zappos Founder Lives in an Airstream Read More

Zappos Founder Lives in an Airstream

By Matthew Silver / February 3, 2016 / Business, Communities, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

Despite having wealth estimated at $780 million, online shoe and apparel retailer Zappos’ founder, Tony Hsieh, lives in a 240 square foot Airstream in Airstream Village in downtown Las Vegas, a community of 20 Airstreams and 10 Tumbleweed tiny homes he spent $350 million to develop. The Downtown Project (DTP)

Massachusetts Mystery Home Read More

Massachusetts Mystery Home

By Matthew Silver / February 3, 2016 / Factory-Built Homes, Legal, Manufactured and Modular Housing News, Manufactured Homes, Modular, People

A home in Lowell, Massachusetts that, says a neighbor who saw it delivered, is a manufactured home, is causing consternation at city hall, accoding to lowellsun. Mayor Ed Kennedy says it is a trailer and since they are not allowed by law, he wants it removed. At the Jan. 26